544 South Drive – Property Summary
Key Characteristics & Buyer Profile
This property is a standout for its land size and assessed value, rather than its living area or construction date. The house sits on 32,136 square feet of land—ranking in the top 1% citywide and top 1% within the Wildwood neighbourhood. That’s roughly 3.5 times the average lot size in the area. The assessed value of $1,000,000 places it in the top 1% across Winnipeg, though within its own street it’s closer to average, suggesting the value is driven by land rather than the house itself.
The home’s living area (2,161 sqft) is slightly below the street average but well above the city median, and the year built (1957) is older than the citywide average but in line with the character of Wildwood, where many homes date from the 1950s. The appeal here is less about turnkey finishes and more about potential: a generous lot in a well-established neighbourhood with mature trees and proximity to the river. Buyers who value space for expansion, gardens, or privacy—and who are comfortable with a home that may need updating—will find this property compelling. It would particularly suit someone looking for a long-term property in a top-tier location rather than a move-in-ready home.
Five Frequently Asked Questions
1. Is the house itself in good condition or does it need work?
The listing data doesn’t include condition details, but the home was built in 1957 and its assessed value aligns closely with other homes on the street. The strong land value suggests the house may be a secondary factor in pricing. A thorough inspection would be wise, especially for systems and structure typical of a home of this age.
2. Why is the assessed value so high when the living area is only average for the street?
The value is primarily driven by the land. The lot ranks in the top 1% citywide for size, and Wildwood itself has above-average property values. The assessed value reflects the combination of a desirable neighbourhood and a very large, private lot.
3. How does Wildwood compare to other Winnipeg neighbourhoods?
Wildwood is an established, well-regarded area with larger lots and older homes. The neighbourhood average assessed value is $568,200, but this property sits well above that. It’s a quieter, more residential pocket, close to the Red River and with good access to parks and schools.
4. Could the property be subdivided or the house expanded?
That depends on current zoning and city regulations, which aren’t included here. However, the lot is large enough that it could support additions or even a secondary dwelling, subject to permits. Buyers interested in development potential should check with the city’s planning department.
5. How does this property compare to others currently for sale in the area?
Based on the rankings, it’s one of the largest lots in the neighbourhood and among the top 1% citywide for value. Few homes in Wildwood offer this combination of land size and assessed value. It’s likely one of the more unique listings in the area, especially for buyers prioritizing outdoor space and long-term equity.